A new scheme by Liverpool developer Redsun will deliver 280,000 sq ft of warehouse and office space with a value of £15.7m. Tony McDonough reports
Liverpool developer Redsun has appointed Caddick Construction to deliver £15.7m speculative development in Ellesmere Port.
Work on the second phase of Aviator, comprising two warehouse units of 200,000 sq ft and 80,000 sq ft with parking and landscaping on a 15-acre plot, will start next month. Each unit will also include mezzanine office space.
Caddick successfully completed phase one of Aviator in February last year. This saw the construction of a 125,000 sq ft warehouse. It was let to Survitec Group on a 20-year lease just after reaching practical completion.
It was subsequently acquired by Arrow Capital Partners which will also be funding phase two of the development as part of its €3bn Strategic Industrial Real Estate (SIRE) joint venture with Cerberus.
The project is scheduled for completion in summer 2022. Nick Wightman, director at Redsun, said: “We worked collaboratively with the Cheshire and Warrington LEP on the first phase and it was a huge success.
“This second phase will help plug the chronic gap in high quality stock in the region. This thriving location, close to the motorway network, will appeal to both occupiers and investors.”
Aviator will ultimately provide up to 450,000 sq ft of industrial space at the location. The popular site is already home to DHL, Jaguar Land Rover and Vauxhall Motors assembly plant.
Located off North Road, the 22-acre site forms part of the Cheshire Science Corridor and benefits from the enhanced capital allowances towards fit out costs offered by its Enterprise Zone status.
Ian Guildford, contracts manager at Caddick Construction, added: “The first phase of development was a huge success and the team is delighted to be working with Redsun again. It is testament to our vast experience in delivering high quality industrial premises and we looking forward to starting the two warehouses next month.”
The project team includes Fletcher Rae Architects, Muir Associates and Crookes Walker Consulting. B8 Real Estate and M1 Agency are joint letting agents.